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    BRICS in the Contemporary Global Economy: Prospects and challenges

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    English report
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    Author(s)
    Jha, Praveen
    Chakraborty, Amit
    Publication date
    2013-05-01
    Subject
    Economics
    Governance and citizenship
    Keywords
    Finance
    Country
    India
    
    Metadata
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    Publisher(s)
    Oxfam India
    Series
    Oxfam India Working Papers
    Document type
    Discussion paper
    Description
    This paper examines the rapid growth of the 'emerging economies' of the BRICS countries (Brazil, Russia, India, China and South Africa) in the global economic and geo-political arena. It challenges some of the celebration of BRICS' achievements by highlighting remaining issues within their economies. Even after several BRICS Summits and after establishing Development Banks and an Action Plan for 2012-2016, unresolved issues for the grouping include: large regional disparities; growing inequalities; substantial unemployment; and significant levels of poverty. In looking ahead, this paper concludes that emerging economies should not try to replicate the lifestyles of advanced capitalism, but rather to establish a way to sustainably develop the global South.
    Pages
    20
    URI
    http://hdl.handle.net/10546/346591
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/brics-in-the-contemporary-global-economy-prospects-and-challenges-346591
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